Green Brick Partners Inc. (NASDAQ:GRBK) shares dropped 5.6% during mid-day trading on Tuesday . The stock traded as low as $7.92 and last traded at $7.92, with a volume of 65,324 shares traded. The stock had previously closed at $8.39.

GRBK has been the topic of several research reports. JMP Securities initiated coverage on Green Brick Partners in a report on Wednesday, June 1st. They set a “market perform” rating on the stock. TheStreet raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $8.00 price target on shares of Green Brick Partners in a research note on Wednesday, June 29th.

The firm’s 50-day moving average price is $7.74 and its 200-day moving average price is $7.39. The company has a market cap of $385.62 million, a P/E ratio of 22.45 and a beta of 4.26.

In other Green Brick Partners news, Director John R. Farris bought 14,200 shares of the stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $7.44 per share, with a total value of $105,648.00. Following the completion of the acquisition, the director now owns 39,572 shares of the company’s stock, valued at $294,415.68. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Blake bought 20,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of $7.59 per share, for a total transaction of $151,800.00. Following the completion of the acquisition, the director now directly owns 76,123 shares of the company’s stock, valued at approximately $577,773.57. The disclosure for this purchase can be found here. Insiders own 53.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in shares of Green Brick Partners during the second quarter valued at approximately $108,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Green Brick Partners by 9.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,800 shares of the company’s stock worth $166,000 after buying an additional 2,000 shares during the period. Teachers Advisors Inc. boosted its position in shares of Green Brick Partners by 0.6% in the second quarter. Teachers Advisors Inc. now owns 35,357 shares of the company’s stock worth $257,000 after buying an additional 221 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Green Brick Partners by 143.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,840 shares of the company’s stock worth $261,000 after buying an additional 21,100 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Green Brick Partners by 6.5% in the second quarter. California State Teachers Retirement System now owns 48,687 shares of the company’s stock worth $354,000 after buying an additional 2,952 shares during the period. 82.31% of the stock is currently owned by institutional investors.

About Green Brick Partners

Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.

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